Replies to post #1316 on Ault Alliance Inc (AULT)

[SwanSong99]

I don’t believe it has any effect on commons, but there is this statement.
“The Series D Preferred Stock is perpetual and has no stated maturity date, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities, except under certain limited circumstances.”
I believe NILE found a way to leverage their Bitcoin without having to sell it. Ault mentioned he was looking into it.
This a vehicle for raising cash, but also a decent investment vehicle.

[SwanSong99]

Here’s the initial file

https://ir.bitnile.com/node/14011/html